Do retirees really run out of money? Money Not Math 165

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Retirement Planning - Money Not Math

Drew Erickson

193 episodes

5 days ago

I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.

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Do retirees really run out of money? Money Not Math 165

Retirement Planning - Money Not Math

7 minutes 39 seconds

1 week ago

Do retirees really run out of money? Money Not Math 165

According to a Forbes article by Andrew Biggs (“Half of Retirees Will Run Out of Money—That’s the Good News”), about 50% of retirees will deplete their retirement savings during their lifetime.

But here’s the twist: most retirees still have Social Security, which pays for life with cost-of-living adjustments. The real risk isn’t being penniless—it’s losing the ability to maintain your desired lifestyle.

In Money Not Math Episode 165, I break down what this means for your retirement and why planning matters.

#MoneyNotMath#RetirementPlanning #FinancialConfidence #RetireConfidently #Confidence#Retirement #5StoneFinancialGroup

📖 Article referenced: https://www.forbes.com/sites/andrewbiggs/2024/08/12/half-of-retirees-will-run-out-of-money-thats-the-good-news/

Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.